980 Galleon Dr.

Build-to-sell, capital back at exit

Port Royal bayfront development parcel, 1.15 acres with 112ft of frontage and club membership eligibility.

Build-and-sell development strategy on a 1.15-acre (50,094 sqft) vacant bayfront parcel at 980 Galleon Drive in Naples, Florida. The site sits within Port Royal with 112 feet of bay water frontage and southwest exposure, producing extended afternoon light across the rear elevation. Purchase of the parcel carries eligibility for Port Royal Club membership, a factor that has historically supported premium per-square-foot pricing on finished residences in the neighborhood. The strategy centers on vertical construction of a new single-family residence designed around the waterfront orientation, followed by disposition on completion. Comparable sales in Port Royal demonstrate absorption at elevated price points for newly delivered inventory, and limited remaining vacant land in the enclave supports the scarcity thesis underlying the exit. Hold duration is expected to span entitlement finalization, construction, and a marketing window under a typical new-construction disposition schedule. Land basis at the current asking level of 11.5 million dollars reflects the waterfront frontage, club eligibility, and enclave positioning rather than improvements. Capital deployment across the hold period covers site preparation, design, permitting, hard costs of construction, and carry through listing. The investment thesis does not rely on rental income during the hold; returns are targeted from the spread between all-in delivered cost and new-construction resale value in a supply-constrained micro-market.

Address

980 Galleon Dr.

City

Naples, FL

ZIP

34102

Beds

—

Baths

—

Living sqft

—

Lot sqft

50,094

Year built

—

Waterfront

BAY

Real cost waterfall from sponsor proforma — 24-month build cycle, ground-up basis. Lines below are project cash expenses through completion and disposition, including property tax during the hold period.

Source: sponsor proforma · figures are forward-looking estimates · not a guarantee of return